Uzbek al Qaeda militants and tribesmen fought pitched battles that left at least 46 people dead including four children, officials said on Tuesday. Heavy exchanges of rocket and mortar fire rang out for a second day around Kalusha town in South Waziristan
Uzbek al Qaeda militants and tribesmen fought pitched battles that left at least 46 people dead including four children, officials said on Tuesday. Heavy exchanges of rocket and mortar fire rang out for a second day around Kalusha town in South Waziristan
The Central Development Working Party (CDWP) has approved 28 development schemes costing Rs 5.5 billion and forwarded 17 projects valuing Rs 76.7 billion to the Executive Committee of the National Economic Council (Ecnec) for approval.
The Central Development Working Party (CDWP) has approved 28 development schemes costing Rs 5.5 billion and forwarded 17 projects valuing Rs 76.7 billion to the Executive Committee of the National Economic Council (Ecnec) for approval.
The Central Development Working Party (CDWP) has approved 28 development schemes costing Rs 5.5 billion and forwarded 17 projects valuing Rs 76.7 billion to the Executive Committee of the National Economic Council (Ecnec) for approval.
On Tuesday, BRIndex30 opened at 11,941.00. It saw intra day high of 12,266.55 and recorded low of the day at 11,941.00. It closed at 12,266.55 with a net positive change of 325.55 points or 2.73 percent. The volume of BRIndex30 was 117,962,700, which was
On Tuesday, BRIndex30 opened at 11,941.00. It saw intra day high of 12,266.55 and recorded low of the day at 11,941.00. It closed at 12,266.55 with a net positive change of 325.55 points or 2.73 percent. The volume of BRIndex30 was 117,962,700, which was
The extension in implementation of Client Level Netting (CLN) in futures deliverable contracts for another 30 days, coupled with investors'' confidence over the prevailing political situation in the country invited fresh buying, especially in banking, cem
The extension in implementation of Client Level Netting (CLN) in futures deliverable contracts for another 30 days, coupled with investors' confidence over the prevailing political situation in the country invited fresh buying, especially in banking, ceme
The extension in implementation of Client Level Netting (CLN) in futures deliverable contracts for another 30 days, coupled with investors' confidence over the prevailing political situation in the country invited fresh buying, especially in banking, ceme
The federal government has agreed to deregulate prices of locally manufactured agriculture tractors despite strong opposition by the Ministry of Food, Agriculture and Livestock (Minfal), well-placed sources told Business Recorder.
The federal government has agreed to deregulate prices of locally manufactured agriculture tractors despite strong opposition by the Ministry of Food, Agriculture and Livestock (Minfal), well-placed sources told Business Recorder.
The federal government has agreed to deregulate prices of locally manufactured agriculture tractors despite strong opposition by the Ministry of Food, Agriculture and Livestock (Minfal), well-placed sources told Business Recorder.
The State Bank of Pakistan has issued the criteria for appointment of ''Shariah Advisers'' and made it obligatory for banks to ensure that ''advisers'' hold minimum Shahadat ul Aalmia degree, or postgraduate degree in Islamic Jurisprudence/Usooluddin, or
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
The State Bank of Pakistan has issued the criteria for appointment of 'Shariah Advisers' and made it obligatory for banks to ensure that 'advisers' hold minimum Shahadat ul Aalmia degree, or postgraduate degree in Islamic Jurisprudence/Usooluddin, or equi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
The State Bank of Pakistan has issued the criteria for appointment of 'Shariah Advisers' and made it obligatory for banks to ensure that 'advisers' hold minimum Shahadat ul Aalmia degree, or postgraduate degree in Islamic Jurisprudence/Usooluddin, or equi
Ghee prices have gone up by Rs 55 per 16 kg tin at the wholesale level, pushing its retail rates to Rs 80 per kg. The new price of a 16 kg tin on Tuesday was Rs 1100, against Rs 1045 of last week.
Ghee prices have gone up by Rs 55 per 16 kg tin at the wholesale level, pushing its retail rates to Rs 80 per kg. The new price of a 16 kg tin on Tuesday was Rs 1100, against Rs 1045 of last week.
Pakistan Textile City Limited is a company registered under the Companies Ordinance 1984. It is a public/ private partnership with recently enhanced authorised capital of Rs 2.2 billion and a current paid up capital of Rs 1.1 billion. The authorised capit
Ghee prices have gone up by Rs 55 per 16 kg tin at the wholesale level, pushing its retail rates to Rs 80 per kg. The new price of a 16 kg tin on Tuesday was Rs 1100, against Rs 1045 of last week.
The concept of Textile City is to develop an exclusive industrial estate dedicated to value added textile products. Installation of necessary infrastructure with guaranteed continuous supply of sufficient industrial quality water and stable electricity fa
Pakistan''s third modern port at Gwadar started operation after its formal inauguration by President Pervez Musharraf at an impressive ceremony here on Tuesday. The port operation commenced with the unloading of cargo from three ships, which had anchored
Pakistan Textile City will offer world class infrastructure and facilities for the value added textile industry in an integrated environment to meet the challenges of the post WTO era. This will enhance Pakistan's exports and foreign exchange earnings and
Pakistan's third modern port at Gwadar started operation after its formal inauguration by President Pervez Musharraf at an impressive ceremony here on Tuesday. The port operation commenced with the unloading of cargo from three ships, which had anchored e
Pakistan's third modern port at Gwadar started operation after its formal inauguration by President Pervez Musharraf at an impressive ceremony here on Tuesday. The port operation commenced with the unloading of cargo from three ships, which had anchored e
On the auspicious occasion of the ground breaking ceremony of the Pakistan Textile City, I am delighted to state that this is the first project of its kind in Pakistan which would help to augment our value-added textile exports and upgrade our production
Senior most judge of the Supreme Court Justice Rana Bhagwandas will return home today (Wednesday) from New Delhi. According to sources, Justice Rana Bhagwandas will fly into Pakistan on PIA Delhi-Karachi flight PK273. According to sources, his seat has be
I am glad to express that Government of Sindh has been striving hard to contribute a lot for country's Textile Industry. We are especially proud of the fact that Textile City is the only industrial estate of Sindh being sponsored by public / private partn
Senior most judge of the Supreme Court Justice Rana Bhagwandas will return home today (Wednesday) from New Delhi. According to sources, Justice Rana Bhagwandas will fly into Pakistan on PIA Delhi-Karachi flight PK273. According to sources, his seat has be
I am pleased to know that Pakistan Textile City Limited, is launching its project in the Eastern Industrial Zone of Port Qasim Karachi. The project offers investors the facility to set up textile manufacturing plants in an integrated city and also aims to
The Supreme Judicial Council adjourned hearing of the application filed by Justice Iftikhar Mohammad Chaudhry in the reference against him to April 3, 2007, Acting Registrar/Secretary, Supreme Judicial Council, said in a press release issued here on Tuesd
It gives me great pleasure in congratulating the Ministry of Textile Industry on the ground breaking ceremony of Pakistan Textile City, Karachi. The project aims at adding value to our textile export profile in the world with state-of-the-art infrastructu
The Supreme Judicial Council adjourned hearing of the application filed by Justice Iftikhar Mohammad Chaudhry in the reference against him to April 3, 2007, Acting Registrar/Secretary, Supreme Judicial Council, said in a press release issued here on Tuesd
It is heartening to note that the ground-breaking ceremony of Pakistan Textile City Project is taking place today. It is also very satisfying to learn that the city which will be the first of its kind in the country is being set up through private-public
South Africa booked their place in the World Cup Super Eights with a 7-wicket win over Scotland on Tuesday. Scotland made 186-8 in 50 overs South Africa were 188-3 in 23.2 overs.
A tiny lot of Kenyan AB coffee fetched $954 per 50-kg bag, the highest price for the speciality beans in nine years, industry officials said on Tuesday.
South Africa booked their place in the World Cup Super Eights with a 7-wicket win over Scotland on Tuesday. Scotland made 186-8 in 50 overs South Africa were 188-3 in 23.2 overs.
Singapore bunker prices firmed on Tuesday, although spot volumes traded were low, traders said. "There was a lot of spot demand today, but the volumes were small. Vessel operators are buying just enough fuel to last them to the next port," a Singapore bun
Saddam Hussein's former vice president was hanged for crimes against humanity early on Tuesday, the fourth anniversary of the US-led invasion that toppled Saddam Hussein from power.
The Karachi Port handled 92,668 tonnes cargo including 53,502 tonnes import, 39,166` tonnes export cargo and 2,909 containers during last 24 hours ending at 0700 hours on Tuesday.
Saddam Hussein's former vice president was hanged for crimes against humanity early on Tuesday, the fourth anniversary of the US-led invasion that toppled Saddam Hussein from power.
Ukraine's leading sunflower oil company, Zernotorgovaya Allseeds Ukraina, said on Tuesday it had boosted sunoil output by 17 percent to 149,826 tonnes so far in the 2006/07 season.
Country''s textile export witnessed a straight jump of 6 percent during the first eight months of the current fiscal year 2006-07, as it crossed the $7 billion mark, official statistics revealed on Tuesday.
US FOB Gulf corn export premiums were softer on Monday as barge freight eased and export demand shifted to South America, traders said. Soyabean basis offers held steady and soft wheat export premiums rose after a sharp decline last week.
Country's textile export witnessed a straight jump of 6 percent during the first eight months of the current fiscal year 2006-07, as it crossed the $7 billion mark, official statistics revealed on Tuesday.
US Plains hard red winter wheat basis bids were steady on Tuesday, with movement staying slow as farmers geared up for spring field work. Traders said demand from domestic millers was routine, with many of them well-covered and waiting for lower prices.
Country's textile export witnessed a straight jump of 6 percent during the first eight months of the current fiscal year 2006-07, as it crossed the $7 billion mark, official statistics revealed on Tuesday.
Spot basis bids for corn and soyabeans were steady around the interior US Midwest on Monday but dealers along rivers raised their soyabean bids amid falling shipping costs. Declining barge freight allowed river dealers to raise their soyabean bids because
Russian sugar importers risk heavy losses as their margins turn negative after a flood of shipments at the start of 2007, but the world's top buyer still needs substantial supplies from overseas.
Corn futures at the Chicago Board of Trade ended mixed on Monday, with weather jitters boosting new-crop months while liquidation of bull spreads buoyed the deferreds and pressured the nearbys, traders said.
Soft red winter wheat futures at the Chicago Board of Trade closed lower on Monday as favourable US crop weather and a lack of export business triggered scattered speculative selling, traders said.
The March vaida was unchanged while the May vaida was higher on the forward cottonseed oilcake market on Tuesday as most of the buyers were active to cover their immediate needs, dealers said.
Active trading was seen on the cotton market on Tuesday as most of the spinners continued buying despite the higher trend prices, dealers said. The Karachi Cotton Association (KCA) official spot was unchanged at Rs 2600, without upcountry expenses.
Activity picked up on the grain market on Tuesday as many players participated in forward buying in spite of higher prices, dealers said. On the seed side rapeseeds Nawabshah gained Rs 50 to Rs 850-860, rapeseeds Mirpurlane low type gained Rs 60 while bet
Middle East crude gained a lift on Tuesday after a Japanese refiner bought a May Abu Dhabi cargo, making a spot purchase for the first time in two months, traders said.
The Philippines has set a tender for April 11 to buy up to 200,000 tonnes of yellow corn for June/July arrival, officials of the National Food Authority said on Tuesday. The specific origin of the corn was not set but officials said the grain's quality sh
US arabica coffee futures closed down mildly on Monday after speculative and local selling nudged prices to a fresh five-month low amid continued concerns of large supplies, dealers said. Light roaster buying prevented deeper losses, they said. "The marke
Hard red spring wheat futures on the Minneapolis Grain Exchange closed lower in thin trade on Monday, weighed by lower-than-expected export data and slipover weakness from the Chicago and Kansas City wheat markets, traders said.
US cocoa futures contracts settled lower on Monday as speculators and funds played both sides of the market, which lacked direction and ignored the typically supportive firm sterling, dealers said.
The price of copper in New York reasserted itself back above $3 a lb by the close of futures trade on Monday, rebounding from losses linked to fears an interest rate hike in China could slow demand from the world's no. 1 copper consumer, analysts said.
US gold futures ended a tad higher on Monday despite lacking a definite direction, following solid gains in the previous two sessions, and analysts warned that investors could further liquidate their long positions. Other precious metal contracts also fol
Tokyo gold futures reached a two-and-a-half-week high on Tuesday as strong gains in US and Japanese shares and this week's falls in the yen prompted investors to buy back the precious metal. Investors were also encouraged by bright Technicals in Tokyo Com
Gold extended gains on Tuesday as speculative buying persisted after the precious metal breached a key resistance of $650 ounce last week, and with gains in shares offering additional support. But trading was subdued as a two-day meeting of the US Federal
China, the world's largest rubber consumer and importer, will continue to see double-digit annual growth in rubber consumption and imports through 2010, as strong growth in tyre exports outpaces moderate gains in domestic rubber output, a senior industry
Oil prices rallied on Tuesday, building on gains fuelled by fears that US gasoline stockpiles will continue to fall ahead of the peak summer demand season. US crude oil futures for May delivery gained 43 cents to 60.13 a barrel, while London Brent crude a
Shanghai copper prices climbed 1.74 percent on Tuesday, supported by expectations of rising consumption from China in coming months. The most-traded June contract on the Shanghai Futures Exchange rose to 61,360 yuan a tonne from 60,310 yuan at Monday's cl
Indonesian palm oil prices were mostly higher on Tuesday, as refiners increased stocks against a backdrop of thin supplies, traders said. At the state marketing centre's tender in Jakarta, which sells palm oil from state plantation, crude palm oil traded
Raw sugar futures settled mostly easier on Monday on speculative fund sales but trade and consumer buying pared those losses, with brokers saying the sweetener may deal in a band this week. Open-outcry New York Board of Trade May raw sugar ended off 0.04
Soyabean futures at the Chicago Board of Trade closed firm on Monday, with the new-crop months leading the market higher not just 2007 crops but 2008 as well, traders said. Bear spreading in both soyabeans and corn was a feature, traders said. "There was
Chicago Board of Trade rough rice futures closed higher on Monday as the market continues its recovery from last week's fall to a 4-1/2 month low, traders said. Trade was exceptionally thin amid a lack of news, they added. March rice, which expires on Wed
Tokyo rubber futures climbed nearly 2 percent to a two-week high on Tuesday in an extension of the previous day's rally, with a rise in other commodities such as gold continuing to provide support. The benchmark Tokyo Commodity Exchange rubber contract fo
Malaysian palm oil futures closed higher on Tuesday, driven by increase in soyabean oil prices on the Chicago Board of Trade. The benchmark third-month June contract on the Bursar Malaysia Derivatives Exchange finished up 7 ringgit at 1,977 ringgit ($566)
Malaysia will fail to woo crucial investment from the United States and bolster exports to its biggest trading partner without a bilateral free trade deal, a top minister warned Tuesday.
South Korean steel giant POSCO said Tuesday it had no immediate plans to drop a planned 12-billion-dollar plant in India even as deadly protests against other projects cast doubt on their future.
British bank Barclays Plc and Dutch rival ABN Amro aim to agree a tie-up within 30 days, a source close to the matter said on Tuesday, as shares of both firms jumped on news of the take-over talks.
The pace of US home construction rose a sharp 9 percent in February but permits for future building slid, according to data on Tuesday that shed little light on whether the housing market was stabilising.
Washington and Brussels faced off on Tuesday at the World Trade Organisation (WTO) in a row over alleged illegal subsidies to big planemakers, the largest dispute ever to come before the global trade arbitrator.
The Bank of Japan kept interest rates unchanged on Tuesday as widely expected by markets, and analysts will scrutinise the central bank governor's remarks at a news conference later in the day for clues on the timing of the next rate rise.
Rising foreign demand has more than offset the negative impact of the strong euro on Germany's exporters and Europe's largest economy remains in a strong recovery, the Economy Ministry said on Tuesday. The global economy has begun 2007 in good form, the m
Britain has signalled to its European Union partners it will accept a landmark pact with the United States to open transatlantic flights to greater competition, diplomats said on Tuesday.